Tagged Credit Lines/Ratings
March 17, 2010
The ratings agency Standard and Poor's raised its rating on Avis senior unsecured notes to “B”, citing recent financing activity that reduced the rental car company's secured borrowing.
Read more...
March 10, 2010
The company intends to use the offering to help repay debt on its floating rate term loan, which has an effective interest rate of approximately 9.2 percent.
Read more...
February 3, 2010
Ratings firm Standard & Poor's said that Avis Budget's performance, following “a very challenging 2008 and early 2009,” garnered it higher ratings and a stable outlook.
Read more...
By Chris Brown, September 2009 in Fleet Acquisition
Scott Thompson and Jeff Cerefice discuss Dollar Thrifty’s move to refranchise, debt restructuring, fleet financing, the science of car sales, loving 45,000-mile rentals and how the company is positioned well for the run to recovery.
Read more...
By Chris Brown, September 2009 in Rental Operations
One Chicago-based independent has figured out how to serve the market of credit-challenged customers without getting burned. Now if he could only get more cars.
Read more...
By Chris Brown, July 2009 in Remarketing
Rental car companies large and small grapple with tight lending, lower demand and two supplier bankruptcies. Is the industry heading in the right direction?
Read more...
By Tim Yopp and Mark Eckhaus, July 2009 in Fleet Acquisition
Banks want more assurances than ever that your business is healthy. Having an answer to these 10 questions will help keep your credit lines safe.
Read more...
By Chris Brown, May 2009 in Fleet Acquisition, Rental Operations
More than 400 auto rental professionals gathered in Las Vegas at the 2009 Car Rental Show to address the challenges facing the industry. This year, the funding crisis and credit crunch were prevailing themes in the seminars, panels and roundtable discussions.
Read more...
By Chris Brown and Ashley Willis, March 2009 in Rental Operations
While rentals are down 10-15 percent, operators are aggressively adapting to new market conditions and reaping the rewards.
Read more...
Newsletter: Sign up to receive latest news, articles, and much more.
Auto Focus Blog: A blog covering fleets, auto rental and the business of cars
After five years and 15,000 miles of driving per year, are there any hybrids that actually have a lower cost of ownership than their gas-engine counterparts? One unexpected vehicle takes the prize.
The federal government means business with its new law banning cell phone use while driving commercial vehicles. Can the laws go even further, and how should fleets react?
Arizona is one of a super minority of states in which auto rental companies are required by statute to pay for the negligent acts of their renters. Look for new legislation in the coming weeks that proposes to change that.
Job Finder: Access Top Talent. Fill Key Positions.